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- Sales of the standard iPhone 17, the base model, have outperformed those of the iPhone 16 in the first ten days post-launch.
- Historically, Apple garners a significant portion of its hardware revenue during the December quarter.
- This year, Apple’s stock has incrementally risen by 1%, hindered by sluggish iPhone sales in the preceding year.
Apple, Inc. (AAPL) stock is poised for further gains this Monday as a market research entity reports robust iPhone 17 shipments in two pivotal markets, the United States and China, just ahead of the crucial holiday sales period.
Following a rebound of nearly 2% to $252.29 on Friday, Apple shares saw a modest increase of 0.28% in overnight trading, per Yahoo Finance.
Strong Demand for iPhone 17
Sales of Apple’s iPhone 17 series surged by 14% compared to previous models within the initial ten days, particularly in the U.S. and China, as reported by Bloomberg, citing insights from Counterpoint Research. The base model iPhone 17’s sales markedly surpassed those of the iPhone 16, with sales in China approaching a doubling, noted the report.
The research firm attributed this favorable performance to enhancements such as a superior display, increased storage, and the new A19 chip. Senior analyst Ivan Lam remarked, “Consumers are responding positively to the enhanced specifications and upgrades of the base model iPhone 17.” He also emphasized that momentum has remained strong into October.
In the high-end sector, the iPhone 17 Pro Max has demonstrated substantial growth, especially in the U.S., driven largely by long-anticipated upgrades.
The Significance for Apple
Robust iPhone sales are critical for Apple to surpass market expectations. In the third quarter ending June 2025, the iPhone accounted for 47% of the company’s total revenue. Notably, the Americas contributed 44% of sales while Greater China accounted for 16%.
Should the strong initial sales of the iPhone carry into the December quarter, it would bode well for Apple, as this period typically yields the majority of the company’s annual revenue.
Retail Sentiment Towards Apple Stock
Retail sentiment regarding the stock has largely remained bearish over the past month on Stocktwits, with message volume reflecting a low engagement level.
A bullish commentator expressed optimism about a potential upside, indicating that a break above $255 could lead to levels exceeding $265.
Another contributor highlighted that upcoming China trade negotiations may involve discussions on AI integration with Alibaba.
Apple’s stock has witnessed a 1% increase this year, confined by flagging iPhone sales attributed to delays in artificial intelligence integration and broader macroeconomic and geopolitical challenges.
Cupertino is set to unveil its fourth-quarter results for fiscal year 2025 post-market close on Thursday.
Source link: Newsable.asianetnews.com.
